Some cheques issued by realtors has the corporation seeing red after they bounced
Much to the chagrin of GHMC officials some of the cheques issued to them by City realtors, towards payment of impact fees, have bounced and left them red-faced. Some of the high profile realtors from the City have been named in the list of cheaters, who deceived the corporation.
The issue came to light when officials of the town planning department tried to assess the total income they had earned during the last fiscal year through its services. The officials found that the impact fee paid by some of the realtors through cheques had bounced later. Among the accused, is GS Gupta, against whom a criminal case was recently filed by real estate major DLF. Prajay properties is also one of the prominent organisations that is facing cheque bouncing charges. According to sources, Prajay properties had issued a cheque of Rs.2.43 crore and GS Gupta had given a cheque of Rs.43 lakh towards payment of impact to the town planning officials for real estate ventures.
Shocked at the cheque bouncing, officials of the corporation are now planning to initiate criminal proceedings against realtors who resorted to the malpractice. “We will take action against those who tried to deceive us. We have already served notices to these people. We are awaiting their response now. Once they respond, we will initiate criminal proceedings against them,” GHMC additional commissioner (planning), K Dhanunjay Reddy told Postnoon. According to a rough estimate, it received a total of over `5 crore through cheques from real estate biggies for necessary approvals to undertake their ventures.